Ares raises $4 billion for Japan logistics fund in unit's largest fundraise

Ares said the fund has 1.7 trillion yen of total investment capacity and had already committed to projects representing about 450 billion yen in total investment.

Marq Logistics, Ares' global logistics real estate platform, will develop and operate the assets. Marq manages about 120 million square feet (11 million square m) in Japan and more than 655 million square feet globally as of June 30, according to Ares.

Ares Management had more than $671 billion in assets under management as of June 30, while Ares Real Estate managed about $121 billion in assets, according to the group's statement.